GUANGZHOU AUTOMOBILE GROUP CO., LTD. Financials Guangzhou Automobile Group Co., Ltd. Shanghai S.E.
Equities
601238
CNE100001NQ2
Auto & Truck Manufacturers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.92 CNY | +2.88% |
|
+4.57% | +1.94% |
| 26/04 | Guangzhou Automobile Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 22/04 | Chinese Automobile Exports Jump 33% in Q1 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,10,293 | 1,18,675 | 1,29,707 | 95,508 | 74,972 | 75,419 | - | - |
| Enterprise Value (EV) 1 | 91,731 | 1,05,224 | 1,21,684 | 75,294 | 53,708 | 67,433 | 46,217 | 36,893 |
| P/E ratio | 13.3 x | 12.5 x | 8.58 x | - | 7.86 x | 6.06 x | 5.49 x | 5.62 x |
| Yield | 2.31% | 2.48% | 3.51% | - | 4.55% | 4.91% | 5.96% | 6.55% |
| Capitalization / Revenue | 1.86 x | 1.89 x | 1.73 x | 0.87 x | 0.58 x | 0.55 x | 0.46 x | 0.44 x |
| EV / Revenue | 1.55 x | 1.68 x | 1.62 x | 0.69 x | 0.42 x | 0.5 x | 0.28 x | 0.22 x |
| EV / EBITDA | 9.32 x | 9.95 x | 9.59 x | 5.42 x | 5.62 x | 15.4 x | 7.44 x | 4.52 x |
| EV / FCF | -8.79 x | -11.2 x | -10.4 x | -5.69 x | -11.4 x | -40.8 x | -33.5 x | -32.5 x |
| FCF Yield | -11.4% | -8.9% | -9.62% | -17.6% | -8.77% | -2.45% | -2.99% | -3.08% |
| Price to Book | 1.11 x | 0.89 x | 0.71 x | - | - | 0.27 x | 0.26 x | 0.25 x |
| Nbr of stocks (in thousands) | 1,02,37,708 | 1,03,40,032 | 1,03,58,187 | 1,04,63,958 | 1,04,88,743 | 1,04,86,904 | - | - |
| Reference price 2 | 8.669 | 7.255 | 6.266 | 4.646 | 3.299 | 3.071 | 3.071 | 3.071 |
| Announcement Date | 31/03/20 | 25/03/21 | 30/03/22 | 29/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59,234 | 62,717 | 75,110 | 1,09,335 | 1,28,757 | 1,36,163 | 1,64,875 | 1,70,687 |
| EBITDA 1 | 9,847 | 10,575 | 12,695 | 13,891 | 9,560 | 4,367 | 6,208 | 8,171 |
| EBIT 1 | 5,682 | 5,638 | 7,145 | 7,456 | 3,283 | -4,091 | -2,791 | -3,004 |
| Operating Margin | 9.59% | 8.99% | 9.51% | 6.82% | 2.55% | -3% | -1.69% | -1.76% |
| Earnings before Tax (EBT) 1 | 6,294 | 5,695 | 7,237 | 7,463 | 3,525 | 4,666 | 7,029 | 5,175 |
| Net income 1 | 6,618 | 5,966 | 7,335 | 8,068 | 4,429 | 6,156 | 7,142 | 5,762 |
| Net margin | 11.17% | 9.51% | 9.77% | 7.38% | 3.44% | 4.52% | 4.33% | 3.38% |
| EPS 2 | 0.6500 | 0.5800 | 0.7300 | - | 0.4200 | 0.5069 | 0.5597 | 0.5460 |
| Free Cash Flow 1 | -10,438 | -9,370 | -11,707 | -13,221 | -4,710 | -1,652 | -1,380 | -1,136 |
| FCF margin | -17.62% | -14.94% | -15.59% | -12.09% | -3.66% | -1.21% | -0.84% | -0.67% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.1800 | 0.2200 | - | 0.1500 | 0.1509 | 0.1831 | 0.2012 |
| Announcement Date | 31/03/20 | 25/03/21 | 30/03/22 | 29/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,353 | 25,642 | 37,515 | 34,572 | 19,993 | 41,104 | 23,145 | 25,421 | 48,689 | 31,678 | 29,359 | 26,393 | 35,518 | 36,069 | 31,101 | 21,346 | 33,905 | 35,786 | 68,941 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | -2,015 | -2,360 | 1,951 | -2,637 | 2,854 | -1,440 | - | 2,102 | -382.8 | 1,145 | -1,476 | 1,480 | -582.6 | 960.7 | -1,795 | -1,179 | -2,508 | - | - |
| Operating Margin | - | - | -5.37% | -6.83% | 9.76% | -6.41% | 12.33% | -5.67% | - | 6.64% | -1.3% | 4.34% | -4.16% | 4.1% | -1.87% | 4.5% | -5.3% | -3.3% | -3.64% | - | - |
| Earnings before Tax (EBT) | 1,316 | - | 3,442 | - | 2,035 | - | - | 2,888 | - | 2,098 | -380.2 | 1,153 | - | 1,477 | -321.9 | - | - | - | - | - | - |
| Net income | 1,698 | 2,318 | 3,646 | - | 2,051 | 3,175 | 3,009 | 2,742 | 5,751 | 2,312 | 6.018 | 1,538 | - | 1,545 | -81.91 | - | - | - | - | - | - |
| Net margin | 5.41% | 9.04% | 9.72% | - | 10.26% | 7.72% | 13% | 10.79% | 11.81% | 7.3% | 0.02% | 5.83% | - | 4.28% | -0.26% | - | - | - | - | - | - |
| EPS 2 | 0.1700 | 0.2300 | 0.3500 | 0.4200 | 0.2200 | 0.3100 | 0.2900 | 0.2600 | 0.5500 | 0.2300 | - | - | 0.1300 | - | - | - | 0.1100 | 0.1300 | 0.1400 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1542 | - | - |
| Announcement Date | 31/03/20 | 28/08/20 | 25/03/21 | 30/08/21 | 30/03/22 | 30/03/22 | 27/04/22 | 30/08/22 | 30/08/22 | 27/10/22 | 29/03/23 | 28/04/23 | 25/08/23 | 26/10/23 | 28/03/24 | 26/04/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 18,561 | 13,451 | 8,023 | 20,213 | 21,264 | 7,986 | 29,203 | 38,526 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -10,438 | -9,370 | -11,707 | -13,221 | -4,710 | -1,652 | -1,380 | -1,136 |
| ROE (net income / shareholders' equity) | 8.46% | 7.27% | 8.6% | 7.93% | 3.87% | 4.15% | 4.76% | 4.6% |
| ROA (Net income/ Total Assets) | 4.91% | 4.26% | 5.06% | 4.64% | 2.17% | 2.34% | 2.48% | 2.32% |
| Assets 1 | 1,34,777 | 1,40,109 | 1,45,073 | 1,74,002 | 2,04,116 | 2,63,118 | 2,31,667 | 2,48,903 |
| Book Value Per Share 2 | 7.830 | 8.150 | 8.810 | - | - | 11.50 | 12.00 | 12.10 |
| Cash Flow per Share 2 | -0.0400 | -0.2800 | -0.5400 | - | - | 0.6500 | 0.6200 | 0.8900 |
| Capex 1 | 10,057 | 6,483 | 6,118 | 7,873 | 11,437 | 6,748 | 9,034 | 6,520 |
| Capex / Sales | 16.98% | 10.34% | 8.15% | 7.2% | 8.88% | 4.96% | 5.48% | 3.82% |
| Announcement Date | 31/03/20 | 25/03/21 | 30/03/22 | 29/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
3.071
CNY
Average target price
4.385
CNY
Spread / Average Target
+42.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.71% | 85.19B | |
| +0.56% | 85.57B | |
| +24.82% | 76.07B | |
| +24.98% | 47.81B | |
| +18.30% | 34.07B | |
| +12.93% | 23.99B | |
| -2.79% | 19.6B | |
| +49.70% | 11.98B | |
| +91.55% | 7.76B |
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- Financials Guangzhou Automobile Group Co., Ltd.
